>>> US Research Calls

Research Calls I
  • Upgrades:
    • Figure Technology (FIGR) upgraded to Neutral from Underperform at BofA, tgt $49
    • Lineage (LINE) upgraded to Overweight from Equal Weight at Morgan Stanley, tgt $47
    • Martin Marietta (MLM) upgraded to Overweight from Equal Weight at Wells Fargo, tgt $609
    • Sagimet Biosciences (SGMT) upgraded to Overweight from Equal Weight at Barclays, tgt $18
    • Sasol (SSL) upgraded to Buy from Neutral at BofA
    • Summit Therapeutics (SMMT) upgraded to Buy from Hold at Jefferies, tgt $25
    • Thermo Fisher (TMO) upgraded to Buy from Neutral at UBS, tgt $730
    • UGI Corporation (UGI) upgraded to Buy from Hold at Jefferies, tgt $43
  • Downgrades:
    • Amrize (AMRZ) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $44
    • Dyne Therapeutics (DYN) downgraded to Underweight from Neutral at JPMorgan, tgt $10
    • Eagle Materials (EXP) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $196
    • LVMH (LVMUY) downgraded to Hold from Buy at HSBC
    • Novartis (NVS) downgraded to Hold from Buy at Deutsche Bank
    • Patria Investments (PAX) downgraded to Underperform from Neutral at BofA, tgt $10
    • Vulcan Materials (VMC) downgraded to Underweight from Equal Weight at Wells Fargo, tgt $254
    • Westlake (WLK) downgraded to Market Perform from Outperform at BMO Capital, tgt $82
  • Others:
    • Abercrombie & Fitch (ANF) initiated with an Outperform at BMO Capital
    • Academy Sports (ASO) initiated with a Market Perform at BMO Capital
    • AEON Biopharma (AEON) initiated with a Buy at Laidlaw
    • Affirm (AFRM) initiated with a Buy at Loop Capital
    • Aktis Oncology (AKTS) initiated with an Outperform at Oppenheimer
    • Amneal Pharmaceuticals (AMRX) initiated with an Outperform at Leerink
    • American Eagle (AEO) initiated with a Market Perform at BMO Capital
    • Amer Sports (AS) initiated with an Outperform at BMO Capital
    • Aptiv (APTV) initiated with a Buy at StoneX
    • Argan (AGX) initiated with an Underweight at Piper Sandler
    • Array Technologies (ARRY) initiated with a Neutral at Piper Sandler
    • AstraZeneca (AZN) initiated with an Outperform at RBC Capital
    • Bath & Body Works (BBWI) initiated with a Market Perform at BMO Capital
    • Bausch + Lomb (BLCO) initiated with an Outperform at Leerink
    • Birkenstock (BIRK) initiated with a Market Perform at BMO Capital
    • Caris Life Sciences (CAI) initiated with a Neutral at UBS
    • Carter's (CRI) initiated with an Outperform at BMO Capital
    • Chime (CHYM) initiated with a Buy at Loop Capital
    • Cigna (CI) initiated with an In Line at Evercore ISI
    • Collegium Pharmaceutical (COLL) assumed with a Buy at Truist
    • Danaher (DHR) assumed with a Buy at UBS
    • Dave (DAVE) initiated with a Buy at Loop Capital
    • Deckers Outdoor (DECK) initiated with an Underperform at BMO Capital
    • Dick's Sporting Goods (DKS) initiated with an Underperform at BMO Capital
    • DoorDash (DASH) initiated with an Outperform at Scotiabank
    • Faeth Therapeutics (FTH) initiated with a Buy at TD Cowen
    • First Solar (FSLR) initiated with an Overweight at Piper Sandler
    • Fluence Energy (FLNC) initiated with an Underweight at Piper Sandler
    • Gap (GAP) initiated with a Market Perform at BMO Capital
    • GRAIL (GRAL) assumed with a Buy at UBS
    • GSK (GSK) initiated with a Sector Perform at RBC Capital
    • Harrow (HROW) initiated with an Outperform at Leerink
    • Heartflow (HTFL) assumed with a Neutral at UBS
    • Illumina (ILMN) resumed with a Buy at UBS
    • Klarna (KLAR) initiated with a Hold at Loop Capital
    • Kodiak AI (KDK) initiated with a Buy at Needham
    • Liberty Formula One (FWONK) initiated with a Buy at Jefferies
    • Lindblad Expeditions (LIND) initiated with a Hold at Jefferies
    • Lithium Americas (LAC) assumed with an Overweight from Neutral at JPMorgan
    • Lululemon (LULU) initiated with an Underperform at BMO Capital
    • Lyft (LYFT) initiated with a Sector Perform at Scotiabank
    • Magna (MGA) initiated with a Buy at StoneX
    • MasTec (MTZ) initiated with an Overweight at Piper Sandler
    • Mobility Global (MBGL) initiated with an In Line at Evercore ISI
    • Monarch Casino (MCRI) initiated with a Buy at Texas Capital
    • Nautilus Biotechnology (NAUT) initiated with an Outperform at Leerink
    • Nextpower (NXT) initiated with an Overweight at Piper Sandler
    • Nike (NKE) initiated with an Underperform at BMO Capital
    • Novartis (NVS) initiated with a Sector Perform at RBC Capital
    • Obsidian Therapeutics (OBX) initiated with an Outperform at William Blair
    • Oklo (OKLO) initiated with an Overweight at Piper Sandler
    • On Holding (ONON) initiated with a Market Perform at BMO Capital
    • Pacira Pharmaceuticals (PCRX) initiated with a Market Perform at Leerink
    • Pasqal (PSQL) initiated with a Buy at Roth Capital
    • Phathom Pharmaceuticals (PHAT) initiated with a Market Perform at Leerink
    • Primoris (PRIM) initiated with a Neutral at Piper Sandler
    • Pulse Biosciences (PLSE) initiated with a Buy at Freedom Capital
    • Pursuit Attractions (PRSU) initiated with a Buy at Jefferies
    • Quanta Services (PWR) initiated with an Overweight at Piper Sandler
    • Red Rock Resorts (RRR) initiated with a Buy at Texas Capital
    • Robinhood (HOOD) initiated with a Buy at StoneX
    • Roche (RHHBY) initiated with an Outperform at RBC Capital
    • Sagimet Biosciences (SGMT) initiated with an Overweight at Cantor Fitzgerald
    • Sanofi (SNY) initiated with a Sector Perform at RBC Capital
    • SoFi Technologies (SOFI) initiated with a Hold at Loop Capital
    • Steven Madden (SHOO) initiated with an Outperform at BMO Capital
    • Teva (TEVA) initiated with an Outperform at Leerink
    • TriSalus Life Sciences (TLSI) initiated with a Buy at H.C. Wainwright
    • Uber (UBER) initiated with an Outperform at Scotiabank
    • Ulta Beauty (ULTA) initiated with a Market Perform at BMO Capital
    • Upstart (UPST) initiated with a Hold at Loop Capital
    • Urban Outfitters (URBN) initiated with a Market Perform at BMO Capital
    • Viatris (VTRS) initiated with an Outperform at Leerink
    • Victoria's Secret (VSXY) initiated with a Market Perform at BMO Capital
    • X-energy (XE) initiated with an Underweight at Piper Sandler
    • XPeng (XPEV) initiated with a Neutral at UBS